Nakhle Kennel Uses Tenant-Days as Its Measure of Activity; an Animal

question 135

Multiple Choice

Nakhle Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During October, the kennel budgeted for 3,000 tenant-days, but its actual level of activity was 2,960 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for October:

Data used in budgeting:
Actual results for October:
-The net operating income in the planning budget for October would be closest to:

• A)$2,757
• B)$9,500
• C)$2,684
• D)$9,900

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Definitions:

Proposition

A formal statement put forth for consideration, often in logic or mathematics, that can be either true or false.

Form

In logic and philosophy, the structure or pattern that an argument or expression follows, abstracting away from the content.

Quantity

A property that exists in a range of magnitudes and can be measured or quantified.

Quantity

The amount or number of a material or immaterial entity that is considered as a unit or in a measurable amount.